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Yahoo To Cut 15% Of Staff, Considering Sale
- Marketing, Thursday, February 4, 2016 7:01 AM
Yahoo is looking increasingly like the loser in the tech battle of software and services, cutting 15% of staff and hinting at a possible sale. Yahoo chief executive Marissa Mayer said the business was exploring a "strategic plan", which includes axing 1700 jobs and possibly packaging up some parts of the business for a sale. The company reported a $4.4bn loss for the last three months of 2015, and wrote down the value of one of Mayer's star acquisitions, Tumblr, by $230m.
